Healthcare & Pharmaceuticals
Nestle says that it will destroy 400 million packets of Maggi brand instant noodles in India worth some Rs 320 crores ($50.5 million). The company made the announcement after the Food Safety and Standards Authority of India found "hazardous" levels of lead in company products and ordered legal action.
Are Africa and South East Asia just suffering from a deluge of fake medicines that is causing disease resistance to rise? Or are they also suffering from a deluge of poorly informed media articles, encouraged by the pharmaceutical industry that wants to make war on generic drugs?
It is a story repeated daily in towns and villages across the developing world. Whatever the recorded cause of death - leishmaniasis, tuberculosis, pneumonia - the real cause is poverty. Poor people in tropical countries are at risk from a range of diseases for which they cannot get treatment - either because medicines are available at prices they cannot afford or, worse still, because no medicines are available.
Here is the annual Top 10 Worst Corporations of 2000 list compiled by Russell Mokhiber and Robert Weissman. This year, rushing to the head of the pack of irresponsible biotech companies was the French corporation Aventis, the maker of Cry9C corn, sold under the name StarLink.
It happens only once a year, and yet so many headstrong corporate CEO's can't seem to cope with being in a room with shareholders for a few hours at the annual meeting.
Uruguay has defeated Philip Morris, the global tobacco giant, in a major international lawsuit over the country's tough anti-smoking regulations. The Swiss-based company sued Uruguay at the World Bank's International Center for Settlement of Investment Dispute under the terms of a 1991 bilateral investment treaty between Uruguay and Switzerland.
All data on completed medical experiments are to be made available to the general public by GlaxoSmithKline, the biggest UK pharmaceutical company. The announcement is a major win for the AllTrials campaign mounted by healthcare activists as well as researchers that has gathered widespread support.
Last week, after its findings revealed that the combination of hormones taken by some 6 million women was doing more harm than good, causing an increase in heart attacks, breast cancer, blood clots, and strokes, a national study was halted mid-stream. Wyeth, which has raked in more than $2 billion a year from its top-selling hormone therapies is now watching its stock price dive.
Drugmaker Merck & Co.'s research facility in West Point dumped a chemical compound that included cyanide into the sewer system, killing more than 1,000 fish in Wissahickon Creek, federal authorities said Thursday.
Many Halliburton contractors leave Iraq with debilitating injuries and deep psychological scars. Then they return home only to find that the insurance they need to rebuild their lives is out of reach.